building deductions

newbie21February 20, 2013

What expenses of the construction process are tax deductible? Consruction loan interest, loan origination fee, etc?

Thank you for reporting this comment. Undo
Sophie Wheeler

The medical expenses for the psychiatric care you will need for all of the stress is deductible. But only if they exceed 7.5% of your AGI.

Too bad the liquor isn't. That might actually be the 7.5% by the time you're done.

    Bookmark   February 20, 2013 at 7:25PM
Sign Up to comment
More Discussions
Are these doors acceptable to you?
These are walnut interior doors. I understand that...
Need feedback on framing layout for a basement.
I'm in the process of finalizing a plan for the basement...
Question about screen porch
First, I'm ONLY thinking about the porch right now....
How to cut back on cost
We have 6 kids, 4 still at home. We want a large house...
Ventless fireplace
I know there is a fireplace section on the forum, but...
© 2015 Houzz Inc. Houzz® The new way to design your home™